CPI Card Group Inc. (NASDAQ:PMTS) Given Consensus Rating of “Moderate Buy” by Analysts

CPI Card Group Inc. (NASDAQ:PMTS) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.60.

Several research analysts recently issued reports on PMTS shares. Zacks Research raised CPI Card Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. B. Riley reduced their target price on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Lake Street Capital set a $25.00 target price on shares of CPI Card Group in a research report on Wednesday, November 5th. Roth Capital set a $30.00 price target on shares of CPI Card Group in a research note on Tuesday, November 4th. Finally, Weiss Ratings downgraded CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th.

CPI Card Group Trading Down 1.4%

CPI Card Group stock opened at $13.74 on Monday. The company has a market cap of $156.50 million, a PE ratio of 11.45 and a beta of 1.20. CPI Card Group has a 1 year low of $11.64 and a 1 year high of $34.25. The company’s 50-day moving average is $14.47 and its two-hundred day moving average is $16.13.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.16). CPI Card Group had a negative return on equity of 58.98% and a net margin of 2.79%.The company had revenue of $137.97 million for the quarter, compared to analyst estimates of $140.62 million. Research analysts forecast that CPI Card Group will post 1.63 EPS for the current year.

Insider Activity

In other CPI Card Group news, Chairman H Sanford Riley purchased 200,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were acquired at an average cost of $13.51 per share, for a total transaction of $2,702,000.00. Following the completion of the transaction, the chairman owned 252,366 shares of the company’s stock, valued at approximately $3,409,464.66. The trade was a 381.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of CPI Card Group stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $13.51, for a total transaction of $28,723,016.56. Following the transaction, the insider owned 2,687,921 shares in the company, valued at $36,313,812.71. This represents a 44.16% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of CPI Card Group

Hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC raised its stake in CPI Card Group by 100.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after acquiring an additional 1,467 shares during the period. IFP Advisors Inc increased its stake in CPI Card Group by 37.0% in the 3rd quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after acquiring an additional 1,607 shares during the last quarter. Bank of America Corp DE grew its position in CPI Card Group by 98.7% in the third quarter. Bank of America Corp DE now owns 6,707 shares of the company’s stock worth $102,000 after acquiring an additional 3,331 shares in the last quarter. Man Group plc increased its position in shares of CPI Card Group by 8.3% during the 3rd quarter. Man Group plc now owns 13,134 shares of the company’s stock valued at $199,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in CPI Card Group by 7.3% during the first quarter. Rhumbline Advisers now owns 6,948 shares of the company’s stock worth $203,000 after buying an additional 474 shares during the period. Institutional investors own 22.08% of the company’s stock.

CPI Card Group Company Profile

CPI Card Group, Inc (NASDAQ: PMTS) is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.

With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.